GST reimbursement scheme on fast track, says government

The government is looking to expeditiously clear a reimbursement scheme for industries that have lost area-based excise exemption offered as incentives in states such as Himachal Pradesh and Uttarakhand under the new goods and services tax (GST) regime. The Department of Industrial Policy and Promotion (DIPP) has finalised the GST reimbursement scheme , which will shortly be taken up by the expend…